Clearing House of the Year – JSCC

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Takeshi Hirano, JSCC

The rapid expansion of Japan Securities Clearing Corporation's (JSCC) yen interest rate swap clearing volumes since the service was introduced last year has been "incredible", according to a senior over-the-counter clearing executive for a technology firm in Singapore – and he says the clearing house is set to get even bigger.

"The notional and clearing volumes dwarf those of any other clearing house in Asia. Given their presence in the Japanese market, the potential for JSCC is much larger than